We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CRH (CRH) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest close session, CRH (CRH - Free Report) was up +1.44% at $124.65. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Prior to today's trading, shares of the building material company had lost 1.81% lagged the Construction sector's loss of 1.55% and the S&P 500's gain of 0.86%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. On that day, CRH is projected to report earnings of $1.56 per share, which would represent year-over-year growth of 9.09%. Our most recent consensus estimate is calling for quarterly revenue of $9.54 billion, up 7.6% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.56 per share and a revenue of $37.57 billion, indicating changes of +3.15% and 0%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for CRH. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. CRH is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, CRH is presently trading at a Forward P/E ratio of 19.97. Its industry sports an average Forward P/E of 18.7, so one might conclude that CRH is trading at a premium comparatively.
Meanwhile, CRH's PEG ratio is currently 1.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.8.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 197, this industry ranks in the bottom 20% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CRH (CRH) Outpaces Stock Market Gains: What You Should Know
In the latest close session, CRH (CRH - Free Report) was up +1.44% at $124.65. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, lost 0.44%.
Prior to today's trading, shares of the building material company had lost 1.81% lagged the Construction sector's loss of 1.55% and the S&P 500's gain of 0.86%.
The investment community will be closely monitoring the performance of CRH in its forthcoming earnings report. On that day, CRH is projected to report earnings of $1.56 per share, which would represent year-over-year growth of 9.09%. Our most recent consensus estimate is calling for quarterly revenue of $9.54 billion, up 7.6% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.56 per share and a revenue of $37.57 billion, indicating changes of +3.15% and 0%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for CRH. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. CRH is currently sporting a Zacks Rank of #4 (Sell).
Looking at valuation, CRH is presently trading at a Forward P/E ratio of 19.97. Its industry sports an average Forward P/E of 18.7, so one might conclude that CRH is trading at a premium comparatively.
Meanwhile, CRH's PEG ratio is currently 1.8. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Building Products - Miscellaneous industry had an average PEG ratio of 1.8.
The Building Products - Miscellaneous industry is part of the Construction sector. With its current Zacks Industry Rank of 197, this industry ranks in the bottom 20% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.